This Challenge is open and offered solely to:
- Start-ups/SMEs. A business entity, regardless of its business area, locally or overseas, Start-up/SMEs with revenues below Singapore Dollars One Hundred Million (SGD$100,000,000). This may include research institutions and innovation units of enterprises, if they are subsidiaries.
- Participating start-ups/SMEs must not be in negotiation for exit throughout the challenge and test-bedding phase.
- Start-ups/SMEs are required, in Sponsor’s and/or Organiser’s sole discretion, to provide proof of the above, including but not limited to (i) company registration by submitting a registration certificate issued within the last three (3) months, or ongoing company registration, or any trade registry and proof ensuring the registration of the entity in the relevant country, and (ii) a valid professional insurance policy subscription.
- Solutions will preferably be at a high level of market readiness. (i.e. Technology Readiness Level 7* and beyond, Healthcare Translational Level 3 and beyond, or the equivalent).
- Solutions should seek to deliver improved patient health outcomes (including but not limited to clinical, functional and patient reported outcomes) and patient experience in line with the challenge statements.
- Solutions may originate from within or outside Singapore, but are required to be test-bedded and evaluated in one of the three healthcare clusters in Singapore.
- Solutions with the relevant safety or regulatory approvals will be preferred.
- Proposals that have prior demonstration of clinical efficacy or have been previously validated would be preferred. Proposals in early research studies, early minimally viable products or solutions that are still in development phase will not be accepted.
- Has prior safety and regulatory compliance registration / licensing (Licensing is not mandatory requirement, but these aspects can be used as a gauge of solution maturity).
- Proposals relating to operational processes that do not have a direct impact to patient outcomes will not be accepted.
Start-ups/SMEs must be able to conduct test-bedding project in any of the healthcare test bedding partner(s), during 2023 to 2024.
All the documents that may confirm the Participant’s eligibility may be required prior to awarding any prizes (e.g. identity document, registration certificate, etc.).
This challenge is open to Singapore-based and international participants except for employees of Temasek Foundation, Ministry of Health, Centre for Healthcare Innovation, Skipso, IoT Tribe and close relatives of anyone involved in the organisation and judging of the challenge.
This Challenge is void in countries where it is prohibited or restricted by law.
*Technology readiness levels (TRLs) are a method for estimating the maturity of technologies during the acquisition phase of a program, developed at NASA. Each technology project is evaluated against the parameters for each technology level and is then assigned a TRL rating based on the projects progress. There are nine technology readiness levels. TRL 1 is the lowest and TRL 9 is the highest.